Los Angeles CFOs Expect Increased Hiring In Next Six Months

Survey Finds 95 Percent of Los Angeles Companies Confident About Business Growth

Mar 16, 2016, 08:10 ET from Robert Half

LOS ANGELES, March 16, 2016 /PRNewswire/ -- Los Angeles executives expect professional-level hiring to increase in the next six months, according to the just-released Los Angeles Professional Employment Forecast from Robert Half. Twenty-two percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up three points from the previous six-month period. Another 62 percent plan to hire only for open roles.

CFOs were asked, "What are your company's hiring plans for full-time, professional-level employees in the next six months?" Their responses:


March – Aug. 2016*

Sept. 2015 – Feb. 2016

Expanding – adding new positions

22%

19%

Maintaining – only filling vacated positions

62%

62%

Freezing – not filling vacated positions or creating new ones

13%

13%

Reducing – eliminating positions

4%

5%

Don't know/no answer

0%

1%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"There is strong business growth in Los Angeles, with more and more companies competing to attract and retain highly skilled professionals, especially in the finance and business sectors," said Brett Good, senior district president for Robert Half. "In addition to offering higher salaries, more organizations are increasing their nonmonetary perks, including flextime and an appealing corporate culture, to attract top talent. The competition for highly skilled local professionals is alive and well."

Recruiting Challenges

Fifty-one percent of Los Angeles CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 53 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-five percent of Los Angeles executives said it's much more challenging or somewhat more challenging to find skilled candidates for finance and accounting positions today compared to three years ago.

Business Confidence

According to the Professional Employment Forecast, Los Angeles CFOs are optimistic about company growth. Ninety-five percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up two points from six months ago.

About the Professional Employment Forecast

The Professional Employment Forecast was developed by Robert Half, the world's first and largest specialized staffing firm, and conducted by an independent research firm. The local results reflect a two-period rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Los Angeles area with 20 or more employees. Executives were asked about their hiring and business outlook, including plans to add professional-level employees in areas such as accounting, finance, human resources, administrative, legal, marketing and information technology.

About Robert Half

Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. The Menlo Park, Calif.-based company has more than 330 staffing locations worldwide and offers online job search and management tools at roberthalf.com. For additional career and management insights, visit roberthalf.com/los-angeles.

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SOURCE Robert Half



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